Metas de inflación y tipo de cambio: de la teoría a la práctica

Plinio Hernández ()
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Plinio Hernández: Instituto de Investigaciones Económicas y Empresariales de la Universidad Michoacana de San Nicolás de Hidalgo, http://ininee-umich.org

Revista Nicolaita de Estudios Económicos, 2007, vol. II, issue 2, 31-51

Abstract: This work develops a review about theory and practice of inflation targeting polices, with special emphasis in the exchange rate role, as a policy variable that allows price control. Inflation targeting theory holds monetary rules based on interest rate management fundamentally, nevertheless, this review proposes a two branch classification; theoretical models, that deny exchange rate interventions as a policy measure to control inflation; and empirical models, that admit exchange rate interventions as a complementary policy option.

Keywords: Inflation targeting; exchange rate; monetary policy. (search for similar items in EconPapers)
JEL-codes: E31 E52 F31 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ris:rnicee:0033

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